About the Society
Arkansas Society of CPAs (ARCPA) is an active professional organization of CPAs working together to improve the profession and serve the public interest.
With over 100 years of service to the accounting profession, the mission of ARCPA is to act on behalf of its members and to provide support in enabling its members to perform quality professional services.
Upcoming Events
Annual IRS & DFA Liaison Meetings (In-Person Only)
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Leases: Mastering the New FASB Requirements
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Critical Business Risks - Identifying Your Blind Spots
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Social Security and Medicare: Planning for You and Your Clients
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Latest News
IRS Releases Contingency Plan for Government Shutdown
Calls will go unanswered and mail will get no response under the IRS contingency plan for the first five days of a federal government shutdown. The plan, released Thursday, calls for furloughs of two-thirds of IRS staff if the government shuts down, resulting in "significant harmful impacts" on millions of taxpayers, Treasury said. The fiscal 2024 Lapsed Appropriations Contingency Plan will go into effect when the IRS is notified that government appropriations have lapsed and that a shutdown is to be initiated. All furloughed IRS employees will be able to return to work, and the Service will resume normal operations, when funds are appropriated. To avoid a shutdown, Congress must approve a budget for fiscal 2024 or a continuing resolution that keeps the government operating temporarily by Saturday, Sept. 30. If a government shutdown lasts for more than five business days, the IRS human capital officer will coordinate a Service-wide reassessment of the excepted activities. With the Oct. 16 deadline looming for some 10.5 million individual tax returns on extension, here is a look at IRS operations that would stop and those that would continue under the plan.
Posted on September 29, 2023
Top 99 Metro Areas for Accountants (Little Rock metro area ranks #4 out of top 99)
Little Rock, North Little Rock, and Conway metro area ranked #4 out of 99 top metro areas for accountants in 2023.
Posted on September 21, 2023